PlusAI to take autonomous trucking public via a SPAC deal

- PlusAI is going public via SPAC, and honestly? That's mega-illegal levels of good news for autonomous freight. The Santa Clara virtual-driver shop — already hauling real loads on Texas routes with Ryder and International Motors — is merging with Texas Ventures Acquisition III at an $800 million pre-money valuation, backed by up to $300 million in capital including Yorkville-managed funds. Its HyperFoundry dev platform has already rung up $25 million in revenue, with $40–50 million contracted for 2026, while the SAE Level 4 SuperDrive stack targets a 2027 commercial launch with TRATON, Hyundai, and IVECO factory-built trucks. After their last SPAC with Churchill Capital got torched in April, this one smells like a clean PoD seal. Pluto Uplink taught us to call it research — but Wall Street calls it a Driver-as-a-Service goldmine.